StockNews.com Begins Coverage on Sotherly Hotels (NASDAQ:SOHO)

StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report issued on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Trading Down 1.7 %

Sotherly Hotels stock opened at $1.18 on Thursday. The firm’s 50-day moving average is $1.37 and its 200-day moving average is $1.46. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38 and a current ratio of 1.38. Sotherly Hotels has a 1 year low of $1.16 and a 1 year high of $2.50. The company has a market cap of $23.42 million, a P/E ratio of -5.62 and a beta of 1.63.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new position in shares of Sotherly Hotels in the 3rd quarter worth about $28,000. Virtu Financial LLC bought a new stake in Sotherly Hotels in the 4th quarter valued at about $30,000. State Street Corp lifted its position in Sotherly Hotels by 69.3% in the 2nd quarter. State Street Corp now owns 17,948 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 7,345 shares during the last quarter. Millennium Management LLC bought a new stake in Sotherly Hotels in the 2nd quarter valued at about $38,000. Finally, Jane Street Group LLC lifted its position in Sotherly Hotels by 218.4% in the 4th quarter. Jane Street Group LLC now owns 35,030 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 24,028 shares during the last quarter. 27.54% of the stock is currently owned by institutional investors.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States.